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Polish MPC shrugs off Brexit concerns…for now

The Polish MPC used this afternoon’s post-meeting press conference to suggest that it was broadly unconcerned about the impact of the UK’s vote to leave the EU on the domestic economy, but we think Brexit may cause growth to be a little weaker than the Council expects, opening room for modest policy easing. We have pencilled in one 25bp rate cut, to 1.25%, this year.

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